To qualify for the full deduction, your taxable income can’t be more than $100,000 if you’re a single filer or $200,000 if you’re married filing a joint return. Single filers who earn more than ...

Is car loan interest tax-deductible in 2025? Learn who qualifies under the new 2025 to 2028 rules, income limits and business ...

Many small business owners are pleased to learn that a vehicle they purchased for use in their company may qualify for a Section 179 tax deduction. Carefully using Section 179 vehicles can bring tax ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan being a first lien on the vehicle. The deduction has an annual limit of $10 ...

A new tax break offers deductions of up to $10,000, but income limits and loan rules mean most buyers will see much smaller savings.

Learn whether buying or leasing a car is best for retirees. Consider costs, safety features, warranties, and tax benefits to ...